USOIL in weekly chartHello everyone
USOIL is experiencing many unstable and doubtful decision being taken in the Middle East and other dependent countries.
I think the best strategy is to wait for the trend reaches to the boundaries (Blue Channel) and then decide if your are really interested to get position or conservative strategy is to wait for Blue channel break out (Up or Down) because if this impulse cycle (I,II ) is correct so the channel will be broken out strongly in the next week.
Thanks